NEW YORK (TheStreet) -- Shares of Finisar Corp. (FNSR - Get Report) are lower by -5.28% to $17.40 in pre-market trading on Friday, after the company reported a decline in fiscal 2015 first quarter net income to $14.2 million, or 14 cents per diluted share, compared to $26 million, or 26 cents per diluted share for the fiscal 2014 first quarter.
The company, which provides optical subsystems and components that are used in data communication and telecommunications applications, said adjusted earnings for the most recent quarter was 32 cents per share, which matched the EPS forecast by analysts polled by Thomson Reuters.
Revenue for the most recent quarter grew to $327.6 million, from $266 million for the year ago quarter.
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FNSR data by YCharts
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